Stories for October 2012

Wednesday, October 31

Universal Protection Buys Florida Company

Santa Ana-based Universal Protection Service has acquired Plantation, Fla.-based CastleGuard Security on undisclosed terms.

Midday Stock Roundup

The markets are back up after a two-day closure due to Hurricane Sandy.

Allergan Considers Lap-Band Sale

Irvine-based drug maker Allergan Inc. is considering a sale of its weight-loss device unit, which has seen its revenue fall for five consecutive quarters.

Buffett’s New Real Estate Brand to Irvine

Warren Buffett will attach the name of his famed holding company to a newly formed residential real estate chain that will have headquarters in Irvine.

Comic-Con in San Diego Through 2016

The local nonprofit group that has run Comic-Con International in San Diego since 1970 has extended its contract with the city through 2016, Mayor Jerry Sanders announced at a news conference.

Corinthian Shares Up Despite Misses

Santa Ana-based for-profit education company Corinthian Colleges Inc. swung to a profit in the September quarter, notching $1.6 million in net income compared with a loss of $9.6 million a year earlier.

Tuesday, October 30

Stock Roundup: Markets Closed Today

The stock market was closed Tuesday for the second day in a row on account of Hurricane Sandy.

Policano to Step Down as Merage School Dean

Andy Policano will step down as dean of the Paul Merage School of Business at University of California, Irvine, on July 1, 2013.

Oakley Set to Debut High-Tech Goggles

Foothill Ranch-based Oakley Inc. is set to begin selling a new snow goggle that’s capable of displaying information for the wearer on the inside of lenses.

Allergan Posts Mixed Quarter, Narrows Guidance

Allergan Inc., the Irvine-based drug maker, today posted a third-quarter profit that beat expectations on a narrow revenue miss.

Accessories Maker Targus to Acquire Sena

Anaheim-based Targus Inc. has acquired smaller competitor Sena Cases in Irvine.

BJ’s CEO to Step Back, New President Hired

Huntington Beach-based restaurant operator BJ’s Restaurants Inc. has hired Gregory Trojan as president.

Fullerton Plastics Supplier Opens Taiwan Distribution

Fullerton-based Professional Plastics Inc. has opened a distribution center in Taiwan, its second in Asia.

Sabal Starts Bridge Loans, Plans 100 Hires

Newport Beach-based Sabal Financial Group LP has launched a commercial real estate lending program that will offer bridge loans starting at $5 million and focus on properties along the West Coast.

Sabra Q3 Results Mixed

Irvine-based real estate investor Sabra Health Care REIT Inc. on Monday reported mixed third-quarter results.

Monday, October 29

Oakley Set to Debut High-Tech Goggles

Foothill Ranch-based Oakley Inc. is set to begin selling a new snow goggle that’s capable of displaying information for the wearer on the inside of lenses.

Sabra Q3 Results Mixed

Irvine-based real estate investor Sabra Health Care REIT Inc. today reported mixed third-quarter results.

Policano to Step Down as Merage School Dean

Andy Policano will step down as dean of the Paul Merage School of Business at University of California, Irvine, on July 1, 2013.

BJ’s CEO to Step Back, New President Hired

Huntington Beach-based restaurant operator BJ’s Restaurants Inc. has hired Gregory Trojan as president.

Fullerton Plastics Supplier Opens Taiwan Distribution

Fullerton-based Professional Plastics Inc. has opened a distribution center in Taiwan, its second in Asia.

Stock Roundup: Markets Closed Today

U.S. stock exchanges were closed Monday because of Hurricane Sandy.

PacTrust Adds to Irvine HQ

PacTrust Bank, subsidiary of Irvine-based First PacTrust Bancorp Inc., has expanded its headquarters space by 50% to 63,000 square feet.

LED Fixture Maker Sets Up Anaheim Plant

Light fixture maker Lunera Lighting Inc. has expanded into Orange County by opening a new facility in Anaheim where all manufacturing work will be done.

Fundraising Website DealGooder LLC Sold

Costa Mesa-based fundraising website DealGooder LLC has been sold to Tacoma, Wash.-based Good Done Great Corp. on undisclosed terms.

Sunday, October 28

Irvine Company Eyes Playa Vista

REAL ESTATE: Developer backs bidders at enclave on L.A.’s Westside

Newport Beach-based Irvine Company eyes Playa Vista

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Downtown Santa Ana Makes New Mix

Dusk falls, and the scene changes along 4th Street in downtown Santa Ana.

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In Memoriam: Ray Watson, Seminal Irvine Planner

Joined Irvine Company in 1960; helped Disney fend off takeovers

In the story of Irvine’s growth into arguably the country’s premier masterplanned city over the past 50 years, Raymond L. Watson plays a pivotal role.

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Boost Sees Benefit in Softbank-Sprint Deal

TECHNOLOGY: No-contract segment amid consolidation trend

Boost Mobile expected to get financial boost from Softbank Mobile’s deal to take majority stake in Boost parent Sprint

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Girls Inc. Luncheon Dishes Up $205,000 for Education

USMC, Disney Reps Share Insights

PHILANTHROPY Column by Sherri Cruz

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ADDENDUM - October 29, 2012

Other news items of interest from the Orange County Business Journal

Johnny Rockets Signs Franchise Deals in Central America, Pakistan

Aliso Viejo-based Johnny Rockets Restaurant Group Inc. continued its international expansion plans with franchise deals in Central America and Pakistan

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Manufacturer for Hire Sets $5.7M Offering

HEALTHCARE: Filing follows change of control, name

Biopharma Manufacturing Solutions files to sell about $5.7M worth of common stock in a public offering

Cervantes Buys Spanish-Language Newspapers

MEDIA: To double distribution of free weeklies, go statewide

Santa Ana-based Cervantes Publishing Co. has acquired on undisclosed terms Velazquez Publishing Inc.

Business Good Thanks to Misspellings in Cyberspace

TECHNOLOGY: CitizenHawk fights fraudulent “typosquatters”

An Aliso Viejo-based company with an influential roster of financial backers has kept a low profile while enforcing online brand protection for some of the world’s largest retailers.

OC’s New Urban Wave: Bladers, Bands, Gay Bar

Blading—or rollerblading to those outside the sport—is a small market.

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Solis Sells Software Maker to Boeing

Newport Beach-based private equity firm Solis Capital Partners sold its stake in Miro Holding Inc. to Boeing Co

CSUF Forecast Sees Job Gains in ’13

Orange County will finish this year with about 26,500 more jobs, and add another 33,600 next year

Billabong’s Kunkel Hands Over Gavel

Ted Kunkel resigns as chairman of Billabong International Ltd.

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Grosses Seek $4M Match for Stem Cell Center

HEALTHCARE: Latest gift for UCI has Nov. 30 deadline

Sue and Bill Gross have pledged $4 million toward putting a finishing touch on the stem cell research center that bears their names at the University of California, Irvine.

Weight-Loss Device Developer Gets $15.8 Million

HEALTHCARE: ReShape has raised more than $40M since ’07

San Clemente-based ReShape Medical Inc., which is developing an obesity-treatment device, has raised $15.8 million of a potential $22 million round of financing

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Watson’s Recollections: Why Irvine Company Went to Newport Beach

OC INSIDER Column by Jerry Sullivan

Afable Picked as Chief of Hoag-St. Joseph Network

HEALTHCARE: Search for new Hoag boss pending regulatory OK

Afable picked as chief of Hoag-St. Joseph Network

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Shea Raises Bar With $121M Apartment Sale

REAL ESTATE: Club Laguna to Invesco; all-cash deal at $309 PSF

Club Laguna trades hands in what looks to be priciest sale of an OC apartment complex this year

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More Faces for Best Places

Employees Get Most of Say on 95 Top OC Workplaces

More faces for Best Places

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REAL ESTATE DEALS - October 29, 2012

Sales and leases of offices, industrial buildings, retail space and apartments

By the Numbers - San Clemente Businesses

There are more than 1,900 businesses in San Clemente.

Bixby Buys San Jose Park for $29.5M, Sets Makeover

Plans $23M Upgrade into Corporate Tech Campus

Bixby buys San Jose park for $29.5 million, sets makeover, in Real Estate

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L.A.-Area Market Gains Momentum

REAL ESTATE WATCH: LOS ANGELES

Los Angeles-area market gains momentum. Includes Real Estate Watch industry performance charts.

Western Digital Cites Intent to Develop New Products

Shares Slide on Downbeat Quarterly Projections

Western Digital cites intent to develop new products, in Technology

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Mimi’s Concludes Breast Cancer Awareness Promos

In-Store, Online Activities to Spread Message, Giving

Mimi’s launched a campaign in October to support Breast Cancer Awareness Month, in Media and Marketing

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Ex-College Hospital Chief Seeks Health Board Seat

Lingenfelter Vies for Post in SD County District

Ex-College Hospital chief seeks health board seat, in Healthcare

CALENDAR - Oct. 29-Nov. 7, 2012

A listing of events happening all around Orange County.

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How Companies Make Our List

SPECIAL REPORT: BEST PLACES TO WORK - How companies make our lists. Includes the 2012 OC's BEST PLACES TO WORK list for download (pdf)

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Broker Adds Employees to Boost Morale, Business

INSURANCE: “Best” small company calm amid reforms

SPECIAL REPORT: BEST PLACES TO WORK - Staying positive and hiring sensibly helped lift employee morale at Burnham. Includes the 2012 OC's BEST PLACES TO WORK list for download (pdf)

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80 Go for Extra Credit on Additional Questions

SPECIAL REPORT: BEST PLACES TO WORK - The Business Journal added a few questions for the companies that applied for this year’s Best Places to Work lists. Includes the 2012 OC's BEST PLACES TO WORK list for download (pdf)

Deft Moves Yield Revenue Spurt, Instructor Bonuses

SERVICES: Computer trainer “best” medium-sized business

SPECIAL REPORT: BEST PLACES TO WORK - Deft moves yield revenue spurt, instructor bonuses at New Horizons

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High Marks on ‘Treating Employees Like Adults’

HEALTHCARE: Questcor tops large-companies list

SPECIAL REPORT: BEST PLACES TO WORK - Questcor’s work environment is a mix of professionalism, perks and “treating employees like adults”

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Friday, October 26

Fundraising Website DealGooder LLC Sold

Costa Mesa-based fundraising website DealGooder LLC has been sold to Tacoma, Wash.-based Good Done Great Corp. on undisclosed terms.

Midday Stock Roundup

The Nasdaq was down 0.55% to 2,970 in midday trading Friday, while the Dow Jones Industrial Average was off 0.19% to 13,079.

Solis Sells Software Maker to Boeing

Newport Beach-based private equity firm Solis Capital Partners has sold its stake in Miro Holding Inc. to Boeing Co.

BJ’s Restaurants Slumps on Missed Q3 Profit, Revenue

Shares of Huntington Beach-based BJ’s Restaurants Inc. were down about 18% in midday trading Friday, a day after the restaurant operator reported lower-than-expected, third-quarter profit and revenue.

Standard Pacific Q3 Up, Shares Down

Irvine-based Standard Pacific Corp. saw its stock fall by about 10% in early trading on Friday, despite a third-quarter earnings report that saw a sizeable year-over-year increase in earnings and revenue.

Sanuk a Bright Spot for Deckers’ Q3

Irvine-based shoe brand Sanuk USA LLC delivered a strong third quarter for parent Deckers Outdoor Corp. of Goleta.

Johnny Rockets to Pakistan

Aliso Viejo-based Johnny Rockets Restaurant Group Inc. signed a franchise agreement for 10 restaurants in Pakistan.

Thursday, October 25

BJ’s Restaurants Slumps on Missed Q3 Profit, Revenue

Shares of Huntington Beach-based BJ’s Restaurants Inc. were down about 18% in midday trading Friday, a day after the restaurant operator reported lower-than-expected, third-quarter profit and revenue.

Midday Stock Roundup

The Nasdaq was up 0.08% to 2,984 in midday trading Thursday, while the Dow Jones Industrial Average rose 0.05% to 13,084.

CSUF Forecast Sees More Job Gains in 2013

Orange County will finish this year with about 26,500 more jobs, and add another 33,600 next year, according to economists at California State University Fullerton’s Mihaylo College of Business and Economics.

Yogurtland Opens in NYC

Irvine-based frozen yogurt chain Yogurtland Franchising Inc. has entered New York City with the opening of its first location there.

Wednesday, October 24

Midday Stock Roundup

The Nasdaq was up 0.01% to 2,991 in midday trading Wednesday, while the Dow Jones Industrial Average rose 0.11% to 13,117.

Billabong Chair Steps Down, Company Provides Turnaround Update

Ted Kunkel resigned as chairman of Billabong International Ltd. following yesterday’s annual shareholder meeting.

Burton Snowboards Restructure: Analog Back to Vermont, Gravis to Japan

Burlington, Vt.-based snowboarding company Burton Snowboards has announced a restructuring plan that will see the closure of the Costa Mesa headquarters for two of its brands.

Johnny Rockets Inks Central America Franchise Agreement

Aliso Viejo-based Johnny Rockets Restaurant Group Inc. signed a franchise agreement for eight more of its American diner-themed restaurants in Central America.

American Apparel Opens at Irvine Spectrum

Los Angeles-based clothing company and retailer American Apparel Inc. has opened at the Irvine Spectrum Center shopping mall.

Broadcom Posts 19% Decline in Quarterly Profit

Broadcom Corp. posted a 19% drop in third-quarter profit Tuesday, despite reporting more robust revenue than expected.

Drug Maker Questcor Beats Wall Street

Questcor Pharmaceuticals Inc. reported a 144% rise in third-quarter profit on Tuesday.

Tuesday, October 23

Broadcom Posts 19% Decline in Quarterly Profit

Broadcom Corp. posted a 19% drop in third-quarter profit Tuesday, despite reporting more robust revenue than expected.

Drug Maker Questcor Beats Wall Street

Questcor Pharmaceuticals Inc. reported a 144% rise in third-quarter profit today.

Burton Snowboards Restructure: Analog Back to Vermont, Gravis to Japan

Burlington, Vt.-based snowboarding company Burton Snowboards has announced a restructuring plan that will see the closure of the Costa Mesa headquarters for two of its brands.

Midday Stock Roundup

The Nasdaq was off 0.52% to 3,001 in midday trading Tuesday, while the Dow Jones Industrial Average was down 1.63% to 13,128.

Ray Watson Passes; Key Planner for Irvine Co., Former Disney Chair

Raymond L. Watson, a former Irvine Company president and a board member of Walt Disney Co. for over 30 years, passed away on Saturday from complications of Parkinson's disease, his family announced. He was 86.

Clinton Set to Headline UCI Rally

Former President Bill Clinton is expected to make the rounds in Orange County today.

WD Revenue, Profits Up

Irvine-based disk drive maker Western Digital Corp. reported big increases in revenue and profit for the latest quarter, totals that reflected its recent acquisition of Hitachi Global Storage Technologies Ltd., which closed earlier this year.

OC New Vehicle Registrations Up

Orange County new retail light vehicle registrations through September were up 23% to 112,513 compared to a year earlier, according to a report from Newport Beach-based Orange County Automobile Dealers Association.

Oakley Drops Sponsorship of Lance Armstrong

Foothill Ranch-based Oakley Inc. said Monday it has dropped its sponsorship of cyclist Lance Armstrong.

Monday, October 22

Ray Watson Passes; Key Planner for Irvine Co., Former Disney Chair

Raymond L. Watson, a former Irvine Company president and a board member of Walt Disney Co. for over 30 years, passed away on Saturday from complications of Parkinson's disease, his family announced. He was 86.

WD Revenue, Profits Up

Irvine-based disk drive maker Western Digital Corp. reported big increases in revenue and profit for the latest quarter, totals that reflected its recent acquisition of Hitachi Global Storage Technologies Ltd., which closed earlier this year.

OC New Vehicle Registrations Up

Orange County new retail light vehicle registrations through September were up 23% to 112,513 compared to a year earlier, according to a report from Newport Beach-based Orange County Automobile Dealers Association.

Oakley Drops Sponsorship of Lance Armstrong

Foothill Ranch-based Oakley Inc. said Monday it has dropped its sponsorship of cyclist Lance Armstrong.

Midday Stock Roundup

The Nasdaq was down 0.04% to 1.21% in midday trading Monday, while the Dow Jones Industrial Average was off 0.49% to 13,279.

Vans Sees Double-Digit Sales Gains for Q3

Cypress-based shoe and apparel company Vans Inc. logged another strong quarter for sales.

Edwards Lifesciences Reports Results; Gets Additional FDA Approval

Irvine-based heart valve maker Edwards Lifesciences Corp. on Friday reported mixed third-quarter results and gave guidance for the remainder of the year.

Shareholder Suit Challenges Ceradyne Deal

A shareholder lawsuit contends that Costa Mesa-based Ceradyne Inc. failed to seek other bids before it agreed to an $860 million sale to St. Paul, Minn.-based 3M Co.

Commerce National Profits Up

Newport Beach-based Commerce National Bank reported net income of $519,000 for the third quarter, more than quadruple its profit in the year-earlier period.

Daily Pilot Cuts Tuesday Edition

The Daily Pilot—a Los Angeles Times publication that covers Costa Mesa, Newport Beach and Irvine—will cut back to five days a week with an end to its Tuesday edition.

Watt Completes $20M Renovation of Edinger Plaza in HB

Santa Monica-based Watt Properties has completed its $20 million redevelopment of the Edinger Plaza shopping center in Huntington Beach.

Saturday, October 20

Identive’s India Deal, Transponder Orders Point to Demand for NFCs

TECHNOLOGY: Shares still near $1; delisting notice pending

Identive’s India deal, transponder orders point to demand for NFCs

REAL ESTATE DEALS - October 22, 2012

Sales and leases of offices, industrial buildings, retail space and apartments

By the Numbers - OC Financial Advisors

More than 1,000 financial advisers are in Orange County.

By the Numbers - Westminster Businesses

There are more than 2,100 businesses in Westminster. 69% of them employ one to four workers.

Sares-Regis Gets 160 Acres Near Long Beach Airport

Potential for 3.2M SF of Space on Old Boeing Site

Sares-Regis gets 160 acres near Long Beach Airport, in Real Estate

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Vizio Introduces Computer Line Featuring Windows 8

New Laptops, PCs Should Bolster Holiday Sales Push

Vizio introduces computer line featuring Windows 8, in Technology

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Inland Empire Shows Signs of Modest Momentum

REAL ESTATE WATCH: Inland Empire

Inland Empire shows signs of modest momentum. Includes Real Estate Watch industry performance charts.

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CALENDAR - Oct. 22-30, 2012

A listing of events happening all around Orange County.

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HB Agency Milks Bedtime Storybooks for State Board

Latino Campaign Urges Kids to Read, Drink Up

HB agency milks bedtime storybooks for state board, in Media and Marketing

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Ex-Roller Skate Pro Talks of Speedy Sapien Recovery

Has Heart Valve Inserted, Then Has Her Hair Done

Ex-roller skate pro talks of speedy Sapien recovery, in Healthcare

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Financial Advisory Firms Add Brokers for 3rd Year

But overall employment dips after year-earlier increase

Financial advisory firms add brokers for third year. Includes the 2012 OC FINANCIAL ADVISORS list for download (pdf)

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Advisory Firms Up Hires, Training Amid Recovery

Local moves afoot at Merrill, Northwestern, elsewhere

Advisory firms up hires, training amid recovery

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Advice for Younger Investors

Seen as Underserved Niche

OC’s financial advisers are seeing an emerging opportunity to serve young investors

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$4.7M Sale in Shady Canyon Sign of Improved Market

“Well-Priced” Property Went for $4.5M in ’08

$4.7M sale in Shady Canyon sign of improved market, in Luxury Homes

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ADDENDUM - October 22, 2012

Other news items of interest from the Orange County Business Journal

NAWBO Fetes 3; 600 Attend Event

Three women who own businesses in OC were honored at the Remarkable Women Awards

William Lyon Homes Gets $30 Million

Newport Beach-based William Lyon Homes gets $30 million investment

Court Vacates $630M Award Vs. WD

Court vacates $630.4M judgment leveled against Western Digital Corp.

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Broadcom, Hyundai in Ethernet Deal

Broadcom Corp., Hyundai in deal on Ethernet chips

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Drug Maker Cuts 65 Jobs in Irvine ‘Right-Sizing’

HEALTHCARE: Teva closed plant for year after FDA warning

Drug maker cuts 65 Jobs in Irvine ‘right- sizing’

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‘Petty’ Complaints or Poor Security at City Plaza?

REAL ESTATE: Law firm plans exit, cites lack of “decorum”

‘Petty’ complaints or poor security at City Plaza?

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Fisker Signals New Approach on Expectations Game

AUTOS: Hype to hard reality; tempers outlook on 2nd model

Fisker Automotive Inc. signals new approach on expectations game

Pacific Premier Buys Dallas Specialty Bank

FINANCE: First Associations serves homeowners groups

Pacific Premier acquires First Associations Bank for $53.7M

N.Y. Investor Lassos Savi Ranch for $34.5 Million

REAL ESTATE: 161,000-SF center anchored by Dick’s, BB&B

N.Y. investor lassos Savi Ranch for $34.5M

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MacGillivray Freeman Growth Plan: MacG

MEDIA: LB filmmaker aims for more platforms, corporate ties

MacGillivray Freeman growth plan: MacG

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A-List for FFF; Register Boss Eyes Times, Looks Beyond Libertarianism

OC INSIDER Column by Jerry Sullivan

Street Smarts Behind Endeavor’s Final Journey

Anaheim Engineering, Construction Firms Got Roads Ready for 250-Ton Load

Street smarts behind Endeavor’s final journey

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Hoag, St. Joseph Call New Venture Covenant

HEALTHCARE: Regional network could add other providers in future

Hoag, St. Joseph Health settle on name for new company they are forming: Covenant Health Network

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Drives to Digs

Son of Kingston Technology Founder Takes on Pro Volleyball

Donald Sun, son of Kingston Technology founder is taking his talents to the beach.

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Land Prices Up With FivePoint Sales on Deck

REAL ESTATE: National builders back with top dollar for prime parcels

Land prices up with FivePoint sales on deck

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46 Acres On Market in Laguna Beach

REAL ESTATE: Laguna Terrace mobile home park on verge of “new” era

Laguna Terrace Park, for the first time, is up for sale.

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Friday, October 19

Watt Completes $20M Renovation of Edinger Plaza in HB

Santa Monica-based Watt Properties has completed its $20 million redevelopment of the Edinger Plaza shopping center in Huntington Beach.

Edwards Lifesciences Reports Results; Gets Additional FDA Approval

Irvine-based heart valve maker Edwards Lifesciences Corp. today reported mixed third-quarter results and gave guidance for the remainder of the year.

Midday Stock Roundup

The Nasdaq was down 1.91% to 3,014 in midday trading Friday, while the Dow Jones Industrial Average was off 1.19% to 13,388.

Unemployment Rate Drops on Gain of 9,500 Jobs

Orange County employers hired 9,500 workers in September after cutting jobs for two months straight.

Local Corp. Sells Subsidiary to Gannett

Irvine-based online media company Local Corp. announced the sale of its Rovion subsidiary to McLean, Va.-based media company Gannett Co. for an undisclosed amount.

Costa Mesa Company Targets Oil Industry in Houston

Costa Mesa-based industrial lubricant company ProOne Inc. plans to move to Houston next year.

California Republic Bank Swings to Profit

Newport Beach-based California Republic Bancorp reported net income of $1.9 million in the third quarter, a swing from a year-ago loss of $412,000.

Thursday, October 18

Midday Stock Roundup

The Nasdaq was down 1% to 3,073 in midday trading Thursday, while the Dow Jones Industrial Average was off 0.05% to 13,550.

Versant Ventures Joins Roche in SD Incubator Investment

Venture capital firm Versant Ventures Inc., which operates out of Newport Beach and Menlo Park, has teamed up with Swiss biotech company Roche Holding AG to back the latest effort by Inception Sciences Inc., a pharmaceutical incubator in San Diego.

Peregrine Shares Rise on Financing, Update

Tustin-based drug developer Peregrine Pharmaceuticals Inc.’s shares shot up Wednesday, after it said it received new financing and gave a corporate update.

HB-Based Credit Union to Close East LA Branch

Huntington Beach-based NuVision Federal Credit Union plans to close its East Los Angeles branch on October 31.

OC Women Honored at Annual Event

About 600 people attended the 17th annual Remarkable Women Awards held at the City National Grove of Anaheim on Oct. 16 where three Orange County women business owners were honored.

Wednesday, October 17

OC Women Honored at Annual Event

About 600 people attended the 17th annual Remarkable Women Awards held at the City National Grove of Anaheim on Oct. 16 where three Orange County women business owners were honored.

Peregrine Shares Rise on Financing, Update

Tustin-based drug developer Peregrine Pharmaceuticals Inc.’s shares shot up Wednesday, after it said it received new financing and gave a corporate update.

HB-Based Credit Union to Close East LA Branch

Huntington Beach-based NuVision Federal Credit Union plans to close its East Los Angeles branch on October 31.

Midday Stock Roundup

The Nasdaq was up 0.30% to 3,110 in midday trading Wednesday, while the Dow Jones Industrial average was down 0.07% to 13,543.

Broadcom, Hyundai in Deal on Ethernet Chips

Irvine-based chipmaker Broadcom Corp. has struck a deal with Hyundai Motor Co. to provide Ethernet connectivity on its next-generation models.

Vinny Smith Sends $1M to Fuel Freedom Foundation

Irvine-based non-profit Fuel Freedom Foundation received a $1 million donation from Vincent “Vinny” Smith, former chief executive of Aliso Viejo-based Quest Software Inc.

Teva Plans Job Cuts in Irvine

Generic drug maker Teva Pharmaceuticals Inc. is cutting 65 jobs at its Irvine plant, according to a state filing.

Fisker Battery Supplier Files for Bankrupcty

The battery supplier for Fisker Automotive Inc.’s luxury hybrid sedan has filed for bankruptcy reorganization and is selling its assets.

Former Del Taco Exec Joins Quiznos

A former executive with Lake Forest-based Mexican fast food chain Del Taco LLC, James Lyons, has joined Denver-based quick-serve sandwich restaurant Quiznos as chief operating officer.

Tuesday, October 16

Former Del Taco Exec Joins Quiznos

A former executive with Lake Forest-based Mexican fast food chain Del Taco LLC, James Lyons, has joined Denver-based quick-serve sandwich restaurant Quiznos as chief operating officer.

Broadcom, Hyundai in Deal on Ethernet Chips

Irvine-based chipmaker Broadcom Corp. has struck a deal with Hyundai Motor Co. to provide Ethernet connectivity on its next-generation models.

Fisker Battery Supplier Files for Bankrupcty

The battery supplier for Fisker Automotive Inc.’s luxury hybrid sedan has filed for bankruptcy reorganization and is selling its assets.

Midday Stock Roundup

The Nasdaq was up 1.07% to 3,097 in midday trading Tuesday, while the Dow Jones Industrial Average rose 0.88% to 13,542.

William Lyon Homes Gets $30M Paulson Investment

Newport Beach-based William Lyon Homes said on Monday that it has gotten a $30 million investment from New York-based hedge fund giant Paulson & Co. Inc.

Pacific Premier Buys Bank in Dallas

Costa Mesa-based Pacific Premier Bancorp Inc. has acquired First Associations Bank in Dallas for $53.7 million in a mix of cash and stock payments.

Ingram Closes BrightPoint Deal

Ingram Micro Inc. has finalized its $840 million buy of BrightPoint Inc., the Santa Ana-based company said on Monday.

ICU Beats Estimates, Raises 2012 Profit Forecast

San Clemente-based ICU Medical Inc. reported third-quarter results that beat estimates Monday while offering mixed financial guidance looking ahead.

Auto Financier Notches Q3 Profit

Irvine-based auto financier Consumer Portfolio Services Inc. swung to profit in the third quarter, notching net income of $2.7 million compared with a loss of $4 million a year ago.

KPC Buys High Desert Hospital

KPC Global, a Riverside company whose founder is the majority owner of Santa Ana-based Integrated Healthcare Holdings Inc., has bought a Victorville hospital out of bankruptcy.

Court Vacates $630M Arbitration Award Against Western Digital

A Minnesota court has vacated a $630.4 million judgment that had been leveled against Western Digital Corp. after a rival accues the Irvine-based disk drive maker of “misappropriation of confidential information and trade secrets.”

Monday, October 15

Ingram Closes BrightPoint Deal

Ingram Micro Inc. has finalized its $840 million buy of BrightPoint Inc., the Santa Ana-based company said on Monday.

William Lyon Homes Gets $30M Paulson Investment

Newport Beach-based William Lyon Homes said on Monday that it has gotten a $30 million investment from New York-based hedge fund giant Paulson & Co. Inc.

Pacific Premier Buys Bank in Dallas

Costa Mesa-based Pacific Premier Bancorp Inc. has acquired First Associations Bank in Dallas for $53.7 million in a mix of cash and stock payments.

ICU Beats Estimates, Raises 2012 Profit Forecast

San Clemente-based ICU Medical Inc. reported third-quarter results that beat estimates Monday while offering mixed financial guidance looking ahead.

Court Vacates $630M Arbitration Award Against Western Digital

A Minnesota court has vacated a $630.4 million judgment that had been leveled against Western Digital Corp. after a rival accues the Irvine-based disk drive maker of “misappropriation of confidential information and trade secrets.”

Midday Stock Roundup

The Nasdaq was up 0.48% to 3,059 in midday trading Monday, while the Dow Jones Industrial Average rose 0.75% to 13,429.

UCI Gets $11.5M for Biological Systems Center

University of California, Irvine, has received $11.5 million from the National Institute of General Medical Sciences for the school’s Center for Complex Biological Systems.

Newport Beach Developers Respond on Ports O’ Call Renovation

Two Newport Beach-based developers are among eight that have expressed interested in redeveloping the Ports O’Call Village, a restaurant and retail development owned by the Port of Los Angeles.

Apollo Medical Expands to Orange County

Critical care and hospitalist provider Apollo Medical Holdings Inc. announced this week that it will expand services to Orange County.

Saturday, October 13

Wet Seal on High Wire With Board Makeover

CEO Hire, Decision on Fast-Fashion Pending

Wet Seal on high wire with board makeover

Smart Phones Prompt Accessories Firm’s Expansion

REAL ESTATE: Mophie Inc. to take 48,772 SF in Tustin

Smart phones prompt accessories firm’s expansion

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Irvine Won’t Max Out For Decades

DEVELOPMENT: Planners see city of 300,000+

Irvine won’t max out for decades

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By the Numbers - Orange County Businesses

There are more than 82,000 businesses in Orange County.

REAL ESTATE DEALS - October 15, 2012

Sales and leases of offices, industrial buildings, retail space and apartments

HB Renewable Energy Firm Plans IPO

808 Renewable Energy files an IPO with the Securities and Exchange Commission to raise $4 million

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Donahue Schriber’s South Coast Marketplace for Sale

Seeks $36.7 million for Santa Ana Retail Center

Donahue Schriber’s South Coast Marketplace for sale, in Real Estate

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Mid-Counties Industrial Market Shows Signs of Strength

REAL ESTATE WATCH: THE MID-COUNTIES MARKET

Mid-Counties industrial market shows signs of strength. Includes Real Estate Watch industry performance charts.

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CALENDAR - Oct. 15-24, 2012

A listing of events happening all around Orange County.

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Halloween Tradition for Disney, Knott’s: Upgrades

Both Add Attractions as Part of Annual Promotions

Upgrades are Halloween tradition for Disney, Knott’s, in Media and Marketing

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Avanir Drug Candidate Advances to 2nd-Phase Trial

Test for Use on Agitated Alzheimer’s Patients

Avanir drug candidate advances to second-phase trial, in Healthcare

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ADDENDUM - October 15, 2012

Other news items of interest from the Orange County Business Journal

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Ingram Shifts Off-Shore Lineup With Call-Center Move

Sends 100 Jobs From Australia to Philippines

Ingram shifts off-shore lineup with call-center move, in Technology

Laguna Hills Heart Startup Raises $20M

Laguna Hills-based LoneStar Heart raises $20 million

Smashburger, Capriotti’s Chart OC Growth

Smashburger, Capriotti’s chart OC growth plans

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Classic Car Fund Looks for Traction With Smaller Investors

FINANCE: Starts with $15M, eyes $120M; $10K minimum

Family Classic Cars launches investment fund that aims to give investors a new place to park their money

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Conexant Aims to Clear Debt; Pushes Audio, Video

TECHNOLOGY: $175M held by Soros fund “last major roadblock”

Conexant Systems Inc. aims to clear debt, continue push in audio, video

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JetSuite Doubles Fleet; Eyes East Coast Route

Charter airline JetSuite Air doubles fleet, eyes East Coast route

Santa Ana Firm in Mix for $80M in Highway Work

TECHNOLOGY: Iteris among lead contractors on two deals

Iteris on the “A” list for two Federal Highway Administration contracts worth about $80 million over five years

Haddad on Hustings; Moskowitz’ Big Week; E&Y’s Mother of Year

OC INSIDER Column by Jerry Sullivan

OC Cities Pick Up Pace on Job Cuts

GOVERNMENT: 34 combined for 13% reduction

Most of OC’s cities cut jobs amid modest population and revenue growth last year.

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Edwards’ Legacy Buy Cushions ‘Worst Day’

HEALTHCARE: Helps end pounding on slowdown of transcatheter valves

Edwards Lifesciences’ legacy buy cushions “worst day”

OC United Way Kicks Off Campaign, Aims for $19.6M

Goal Represents 3.4% Hike From Last Year

PHILANTHROPY Column by Sherri Cruz

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Mimi’s New Accent

Chain Looks to End Sales Slump With Bistro

It’s game time for Irvine-based Mimi’s Cafe

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Friday, October 12

Midday Stock Roundup

The Nasdaq was down 0.16% to 3,045 in midday trading Friday, while the Dow Jones Industrial Average was off 0.11% to 13,312.

Mimi’s Unveils Café Concept, New Look in Valencia

Irvine-based casual dining chain Mimi’s Cafe debuted its new Mimi’s Bakery, Café & Bistro at its Valencia restaurant on Friday.

TPG Withdraws Bid for Billabong

The parent of Irvine-based Billabong USA said on Thursday that a private equity firm’s offer to buy the action sports apparel and retail company was withdrawn and talks ended.

Costa Mesa Medical Equipment Maker Sold

Costa Mesa-based Affinity Medical Technologies LLC said today that it was bought by Molex Inc. of Lisle, Ill., on undisclosed terms.

Interjet Launches JWA-Mexico Service

John Wayne Airport expanded its international service Thursday with flights to Guadalajara and Mexico City by Mexico-based low-cost carrier Interjet.

Taco Bell Gets Lifetime Achievement Award From Boys & Girls Clubs

Irvine-based Taco Bell Corp.’s mentorships and other programs for teens have been recognized with a lifetime achievement award from the Boys & Girls Clubs of America.

Thursday, October 11

TPG Withdraws Bid for Billabong

The parent of Irvine-based Billabong USA said on Thursday that a private equity firm’s offer to buy the action sports apparel and retail company was withdrawn and talks ended.

Costa Mesa Medical Equipment Maker Sold

Costa Mesa-based Affinity Medical Technologies LLC said today that it was bought by Molex Inc. of Lisle, Ill., on undisclosed terms.

Interjet Launches JWA-Mexico Service

John Wayne Airport expanded its international service Thursday with flights to Guadalajara and Mexico City by Mexico-based low-cost carrier Interjet.

Midday Stock Roundup

The Nasdaq rose 0.25% to 3,059 in midday trading Thursday, while the Dow Jones Industrial Average was up 0.29% to 13,383.

Taco Bell Continues Sales Gains

Irvine-based Taco Bell Corp. continued to see sales grow during the recently ended quarter, with same-store sales for the three months through Sept. 8 up 7%.

Pacific Premier Earnings Up 41%

Costa Mesa-based Pacific Premier Bancorp Inc. earned $3.5 million in the third quarter, a 41% increase compared with a year earlier.

New CEO Named at Advantage Sales and Marketing

Irvine-based Advantage Sales and Marketing LLC has named Tanya Domier as chief executive, effective Jan. 1.

Chapman Film School Adds Taiwan Partner

Chapman University’s Dodge College of Film and Media Arts has formed a partnership with Taiwan’s Taipei National University of the Arts to promote exchanges between faculty and students through joint educational and experimental projects.

HB Financial Adviser to Trial in Murder of Client

The owner of a Huntington Beach-based financial advisory firm has been ordered to stand trial on one count of murder and other charges.

Wednesday, October 10

Midday Stock Roundup

The Nasdaq was down 0.47% to 3,051 in midday trading Wednesday, while the Dow Jones Industrial Average was off 0.72% to 13,376.

Wet Seal Names New Chair

Foothill Ranch-based Wet Seal Inc. has named investment banker Lynda Davey as board chairman of the teen and contemporary retailer.

Edwards Shares Up on Dutch Buy

Irvine-based Edwards Lifesciences Corp.'s shares rose today after an announcement that it has acquired BMEYE B.V., a Dutch company, for $42 million.

Laguna Hills Heart Startup Raises $20M

Laguna Hills-based LoneStar Heart Inc. said today that it raised $20 million of equity financing.

Tuesday, October 9

Midday Stock Roundup

The Nasdaq was down 1.35% to 3,070 in midday trading Tuesday, while the Dow Jones Industrial Average was off 0.62% to 13,500.

Stanley Black & Decker Group in Lake Forest Sold for $1.4B

Stanley Black & Decker Inc.’s Hardware & Home Improvement Group in Lake Forest has been acquired by Madison, Wis.-based Spectrum Brands Holdings Inc. for $1.4 billion.

Edwards’ Shares Plummet Again

Irvine-based Edwards Lifesciences Corp.’s shares continued a downward plunge today after it said third-quarter sales will miss estimates.

Smashburger, Capriotti’s Chart OC Growth Plans

Two restaurant chains have targeted Orange County for growth plans.

HB Renewable Energy Firm Plans IPO

Huntington Beach-based 808 Renewable Energy Corp. has filed an initial public offering with the Securities and Exchange Commission to raise $4 million.

Billabong Names Chairman Elect

An Australian retail industry veteran has been named chairman elect of the Billabong International Ltd.

Evolution Hospitality to Manage 2 San Diego Hotels

Newport Beach-based hotel management and investment company Evolution Hospitality has added two San Diego hotels to its management portfolio.

Monday, October 8

Evolution Hospitality to Manage 2 San Diego Hotels

Newport Beach-based hotel management and investment company Evolution Hospitality has added two San Diego hotels to its management portfolio.

Edwards' Shares Drop on Preliminary Sales Report

Irvine-based heart valve maker Edwards Lifesciences Corp.’s shares fell sharply in after-hours trading today after it announced preliminary sales for the third quarter.

HB Renewable Energy Firm Plans IPO

Huntington Beach-based 808 Renewable Energy Corp. has filed an initial public offering with the Securities and Exchange Commission to raise $4 million.

Midday Stock Roundup

The Nasdaq was down 0.82% to 3,111 in midday trading Monday, while the Dow Jones Industrial Average was off 0.21% to 13,583.

Wet Seal Chief Merchandising Officer Resigns

The chief merchandising officer of Foothill Ranch-based Wet Seal Inc.'s namesake division for teen girls has resigned.

Sale Set for Mission Viejo Software Maker

Mission Viejo-based business software maker OptionEase Inc. is set to be acquired by a Canadian competitor Solium Capital Inc., the company announced Monday.

Questcor Pharmaceuticals Rises on Doctors’ Survey

Anaheim-based Questcor Pharmaceuticals Inc.’s shares are up today on a survey suggesting that doctors plan to boost their use of its sole drug.

Concordia U. Seeks Business School Dean

Concordia University in Irvine has separated its business school from its professional studies program.

Saturday, October 6

Danaher’s Iris Buy for Beckman Keys on Profitability

Acquirers Shift From More Speculative Buys in Past

Danaher’s Iris buy for Beckman keys on profitability, in Healthcare

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MBA Enrollment Slides for Third-Consecutive Year

Trident University’s Troubles Account for Decline

SPECIAL REPORT - EDUCATION: MBA enrollment slides for third-consecutive year. Includes the 2012 OC TOP MBA PROGRAMS list for download (pdf)

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EDUCATION: Q&A

The value of an MBA to job seekers has varied during the past few decades; what is it currently?

SPECIAL REPORT - EDUCATION: Q&A: What’s the current value of an MBA to job seekers?

Advice from the Pros

Colleges Match Students with Mentors in Chosen Fields

SPECIAL REPORT - EDUCATION: Orange County universities have been playing matchmaker

ADDENDUM - October 8, 2012

Other news items of interest from the Orange County Business Journal

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By the Numbers CLASS A OFFICE TENANTS IN ORANGE COUNTY

There are nearly 4,000 class A office tenants in Orange County.

REAL ESTATE DEALS - October 8, 2012

Sales and leases of offices, industrial buildings, retail space and apartments

KPRS Construction Buys Bergman to Broaden Reach

Chino Firm Has Sites in Florida, Colorado, Georgia

Brea-based KPRS Construction buys competitor, in Real Estate

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West OC Industrial Market Poised for Recovery

REAL ESTATE WATCH: WEST ORANGE COUNTY

West OC industrial market poised for recovery. Includes Real Estate Watch industry performance charts.

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CALENDAR - Oct. 9-17, 2012

A listing of events happening all around Orange County.

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Pop Singer Jepsen to Vamp in Wet Seal Outfits Online

Contest, In-Store Displays Also Part of Promo Push

Pop singer Jepsen to vamp in Wet Seal outfits online, in Media and Marketing

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Irvine Outfit Syncs Smart Phones to Access Readers

Netflix, Good Technology Part of HID Pilot Projects

Irvine outfit syncs smart phones to access readers, in Technology

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Bistango Serves Up Artful Dining, Gallery-Worthy Art

Ghoukassians’ Flagship Eatery Marks 25th Year

Bistango serves up artful dining, gallery-worthy art, in Executive Dining

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Oceanfront Home in Irvine Cove Sells for $4.3 Million

Four-Bedroom Had Been Listed for $5.5M in April

Oceanfront home in Irvine Cove sells for $4.3 million, in Luxury Homes

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Griffin-American Pays $108.7 Million for Medical Buildings

Griffin-American pays $108.7 million for medical office buildings, hospitals

Biolase Technology Gets FDA Approval

Biolase Technology gets FDA approval

Mazda Taps Wager as VP for Marketing

Mazda North American Operations appoints automotive industry vet Russell Wager as U.S. marketing vice president

Fisker Chief Exec Talks IPO

New chief exec of Fisker tells an industry gathering that he’d like to take the company public

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Hyundai Out of Motorsports

Hyundai Motor America will end its participation in North American motorsports at the end of this racing season

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Solid Pandaria Sales Bolster Blizzard’s WoW Subscriptions

Blizzard Entertainment Inc.’s Mists of Pandaria has sold more than 2.7 million copies

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Plane-Parts Maker Adds Site in Cypress for Airbus Work

AEROSPACE: C&D Zodiac signs 7-year lease, starts fit-out

C&D Zodiac is expanding its Orange County operations into Cypress with an 85,773-square-foot building

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Ceradyne Board Approves $860M Sale to 3M

Ceradyne Inc. directors agree to a sale of the company to 3M Co.

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Dell Comes to Terms on Smith’s Exit From Quest

TECHNOLOGY: $8.6 million bonus, confidentiality agreement

Quest Software’s chief executive will stay on with Dell for a short-term consulting role

One-Drug Game Plans Lead to Roller-Coaster Rides

HEALTHCARE: Share price volatility hits Peregine, Questcor

Roller-coaster rides of two OC-based drug makers make for cautionary tales about reliance on a single product

New Toshiba Unit Targets Corporate Customers

TECHNOLOGY: 30 new hires aim to build on equipment sales

New Toshiba unit targets corporate customers for services

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Anaheim Plant Lands $31.9M USAF Order

MANUFACTURING: L3 adds GPS work to deal with Marines

Interstate Electronics tapped for a $31.9M contract to develop GPS technology

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Diocese Puts 15-Acre Hilltop Campus on Market

REAL ESTATE: Administrative center will shift to new cathedral

Diocese puts 15-acre hilltop campus on market

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1,244-Home Project in Newport Takes Shape

REAL ESTATE: Row houses, towers envisioned on Jamboree

1,244-home project in Newport takes shape

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Acacia Adds to Medical Device Patent Portfolio

TECHNOLOGY: Move points to broader investment strategy

Acacia Research Corp. acquires medical portfolios

Interjet’s JWA-Mexico Plan: Latinos Now, Broader Market Later

TRANSPORTATION: Carrier set to make West Coast debut here this week

Interjet’s JWA-Mexico plan: Latinos now, broader market later

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GardenWalk Buyers Eye Entertainment

REAL ESTATE: “Plenty of capital” for remake of Anaheim retail center

GardenWalk buyers eye entertainment

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No Lull for Luxury - South Coast Plaza’s Target: $1.5B

New High Seen on Luxe Additions, Renovations

South Coast Plaza’s target: $1.5 billion

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Sales Ahoy!

Improved Conditions Buoy Yacht Sales

Yacht sales are up in Orange County. So are prices.

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Friday, October 5

Wet Seal Chief Merchandising Officer Resigns

The chief merchandising officer of Foothill Ranch-based Wet Seal Inc. namesake division for teen girls has resigned.

Midday Stock Roundup

The Nasdaq was down 0.02% to 3,149 in midday trading Friday, while the Dow Jones Industrial Average was up 0.34% to 13,621.

Wet Seal Chair Kahn, Three Directors Resign

Foothill Ranch-based Wet Seal Inc.’s board chair and three other directors have resigned in what the teen and contemporary retail chain described as a resolution of differences with a major shareholder.

OC Hotels See Rates, Occupancy Levels Rise in August

The average daily rate for Orange County hotels rose along with booking August.

Pandaria Sales Boost Blizzard Subs

Sales of Mists of Pandaria, Blizzard Entertainment Inc.’s latest installation of its World of Warcraft franchise, has eclipsed 2.7 million copies, the Irvine company announced Thursday.

5.11 Tactical Acquires Performance Clothing Company

Irvine-based tactical clothing and gear maker 5.11 Tactical Inc. has expanded its outdoor performance offerings with its purchase of Beyond Clothing LLC on undisclosed terms.

South Coast Disney Store Latest Redesign at Mall

Burbank-based Walt Disney Co. is set to open its redesigned Disney Store at South Coast Plaza at a new location in the mall on Saturday.

Thursday, October 4

Pandaria Sales Boost Blizzard Subs

Sales of Mists of Pandaria, Blizzard Entertainment Inc.’s latest installation of its World of Warcraft franchise, has eclipsed 2.7 million copies, the Irvine company announced Thursday.

Midday Stock Roundup

The Nasdaq was up 0.23% to 3,142 in midday trading Thursday, while the Dow Jones Industrial Average rose 0.58% to 13,573.

Wet Seal Stands By Board in Proxy Fight

The proxy battle at Foothill Ranch-based retailer Wet Seal Inc. continues, with the retailer reiterating its position that stockholders should vote against a major shareholder’s plan to replace four of its board members.

Billabong Halts Trading Amid Report of Bidder’s Cold Feet

Trading in shares of Irvine-based Billabong USA's Australian parent has been halted amid recent rumors about its possible sale.

Westar Capital Partner to PacMerc Board

Costa Mesa-based Pacific Mercantile Bancorp has named John Clark, a partner at private equity firm Westar Capital LLC, to its board of directors.

UCI Law Students to Help Staff Santa Ana Clinic

The Legal Aid Society will count on University of California, Irvine, Law School students for help at a newly opened employment-law clinic in Santa Ana that offers free services to low-wage workers.

Wednesday, October 3

Westar Capital Partner to PacMerc Board

Costa Mesa-based Pacific Mercantile Bancorp has named John Clark, a partner at private equity firm Westar Capital LLC, to its board of directors.

Midday Stock Roundup

The Nasdaq was up 0.62% to 3,140 in midday trading Wednesday, while the Dow Jones Industrial Average rose 0.25% to 13,516.

New York Investors Buy Troubled Anaheim Mall

A trio of New York-based investment firms has partnered to buy the struggling Anaheim Gardenwalk shopping center.

Griffin-American Buys Hospitals, Office Buildings in Los Angeles, Georgia, Texas

Newport Beach-based real estate investor Griffin-American Healthcare REIT II Inc. bought three Los Angeles area hospitals and three medical office buildings in Texas and Georgia for $108.7 million.

Biolase Shares Jump on FDA, European Approvals

Shares of Irvine-based dental laser maker Biolase Technology Inc. jumped in early trading today on word that the Food and Drug Administration and European regulators approved a new device.

Judge Retains Restraining Order Against Botox Competitor

A federal court judge has extended an injunction that blocked a competitor to Irvine-based Allergan Inc.’s flagship Botox after allegations that trade secrets were stolen.

Hyundai, Kia Continue Record-Breaking Sales Streaks

Orange County’s two largest automakers, Hyundai Motor America Inc. and Kia Motors America Inc., continued to outpace their peers in September.

OC Auto Show Set for Anaheim Convention Center

The 48th annual Orange County International Auto Show starts tomorrow and will run though Oct. 7 at the Anaheim Convention Center.

Wet Seal Same-Store Sales Down By Less in September

Foothill Ranch-based Wet Seal Inc. saw same-store sales fall 12.7% last month.

Tuesday, October 2

Hyundai, Kia Continue Record-Breaking Sales Streaks

Orange County’s two largest automakers, Hyundai Motor America Inc. and Kia Motors America Inc., continued to outpace their peers in September.

Wet Seal Same-Store Sales Down By Less in September

Foothill Ranch-based Wet Seal Inc. saw same-store sales fall 12.7% last month.

Judge Retains Restraining Order Against Allergan Botox Competitor

A federal court judge has extended an injunction that blocked a competitor to Irvine-based Allergan Inc.’s flagship Botox after allegations that trade secrets were stolen.

Midday Stock Roundup

The Nasdaq was down 0.04% to 3,113 in midday trading Tuesday, while the Dow Jones Industrial Average was off 0.43% to 13,457.

Fisker CEO Talks IPO

The new chief executive of Anaheim-based luxury hybrid automaker Fisker Automotive Inc. told an industry gathering that he’d like to take the company public.

Mazda Appoints New VP of Marketing

Irvine-based Mazda North American Operations appointed automotive industry veteran Russell Wager as vice president of marketing.

U.S. Open Looks Beyond Action Sports for Title Sponsor

The departure of former U.S. Open of Surfing title sponsor Nike Inc. has attracted the attention of a number of companies interested in taking on the role for next year’s event in Huntington Beach.

Stanley Cup to Visit Mercury Insurance in Brea

The Los Angeles Kings are on hold due to the labor standoff that’s held up the start of the National Hockey League season, but the defending champions will bring one of the most famous trophies in sports to Orange County.

Monday, October 1

Mazda Appoints New VP of Marketing

Irvine-based Mazda North American Operations appointed automotive industry veteran Russell Wager as vice president of marketing.

U.S. Open Looks Beyond Action Sports for Title Sponsor

The departure of former U.S. Open of Surfing title sponsor Nike Inc. has attracted the attention of a number of companies interested in taking on the role for next year’s event in Huntington Beach.

Midday Stock Roundup

The Nasdaq was up 0.36% to 3,128 in midday trading Monday, while the Dow Jones Industrial Average rose 1.16% to 13,593.

Ceradyne Draws $860 Million Offer From 3M

Costa Mesa-based Ceradyne Inc. has agreed to a sale to 3M Co. in St. Paul, Minn., for $860 million.

Cameron Heart Device Gets FDA Approval

An implantable heart defibrillator made by San Clemente-based Cameron Health Inc. has been approved by U.S. Food and Drug Administration.

Hyundai Ends Motorsports Participation

Costa Mesa-based Hyundai Motor America Inc. will end its participation in North American motorsports at the end of this racing season.

Clinton Group Fires Back on Wet Seal Critique

Foothill Ranch-based Wet Seal Inc. shareholder Clinton Group Inc. of New York responded to the company’s critique of its attempt to replace the board with some criticism of its own.